NAICS 31522 - Men's and Boys' Cut and Sew Apparel Manufacturing
This industry comprises establishments primarily engaged in manufacturing men's and boys' cut and sew apparel from purchased fabric. Men's and boys' clothing jobbers, who perform entrepreneurial functions involved in apparel manufacture, including buying raw materials, designing and preparing samples, arranging for apparel to be made from their materials, and marketing finished apparel, are included.
Industry trends:
The Men's and Boys' Cut and Sew Apparel Manufacturing industry (NAICS 31522) has been experiencing several noteworthy qualitative trends. There is a rising demand for sustainable and eco-friendly materials as consumers become more environmentally conscious. This has led to an increase in the use of organic cotton, recycled fabrics, and innovative sustainable materials like hemp and bamboo.
Customization and personalization are gaining traction, with consumers seeking unique, made-to-order garments. This shift is driven by advancements in technology, including digital printing and 3D knitting, which allow manufacturers to offer bespoke options efficiently.
Another significant trend is the integration of smart textiles and wearable technology. Items such as moisture-wicking athletic wear and clothing embedded with sensors for health monitoring are becoming more common, catering to the modern, tech-savvy consumer.
In terms of forecasts, the near future will likely see continued growth in e-commerce as the primary sales channel for men's and boys' apparel, accelerated by the COVID-19 pandemic. Additionally, there will be a stronger emphasis on transparency and ethical manufacturing practices, with brands showcasing their supply chain integrity to build consumer trust.
Moreover, the drive toward automation within the manufacturing process will continue to rise, aiming to increase efficiency and reduce costs. This might include the adoption of AI and robotics, especially in repetitive and precision-based tasks.
In conclusion, the Men's and Boys' Cut and Sew Apparel Manufacturing industry is evolving towards sustainability, personalization, technological integration, and efficient manufacturing practices, with these trends likely to shape the competitive landscape in the years ahead.
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.